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Alvarion CFO Resigns

Alvarion
Ltd. (NASDAQ: ALVR) announced today that
Mr. Lior Shemesh resigned from his position as Chief Financial Officer
to pursue other career opportunities. Mr. Avi Stern, currently Vice
President of Accounting and Finance, has been appointed as interim Chief
Financial Officer, effective January 1, 2013.

“We very much appreciate the four years of dedication and outstanding
service which Lior has given to Alvarion and wish him the very best in
his future career,” said Hezi Lapid, President and CEO of Alvarion.
“I have great confidence in Avi's ability to lead the finance team